Managing Food Security Implications of Food Price Shocks in Africa
AbstractUntil the food price alarm went off, discussions on how to reduce hunger and malnutrition in Africa took place in an environment of declining food prices with estimates indicating that real food prices declined by about 75% between 1974 and 2005. However, since 2006, real food prices have been on the rise and although prices started to decline after mid-2008, they largely remained above their long-term trends. This paper provides a contextual overview of how African countries responded to the economic and welfare impacts of the food price crisis of 2006-08. The responses to the food crisis have been as varied as the African economies are diverse. In the short and medium terms, the policy options preferred by both governments and their development partners focused predominantly on social safety nets aimed at cushioning vulnerable communities and urban consumers from food inflation. The paper provides a critique of these responses and lays out broad outlines for what must be done in order for African agricultural sectors to be provided with the right investments and incentives to produce sufficient food and lay the basis for broad-based and sustainable economic growth. Copyright 2011 , Oxford University Press.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Centre for the Study of African Economies (CSAE) in its journal Journal of African Economies.
Volume (Year): 20 (2011)
Issue (Month): suppl_1 (May)
Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Phone: +44-(0)1865 271084
Fax: 01865 267 985
Web page: http://www.jae.oupjournals.org/
More information through EDIRC
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).
If references are entirely missing, you can add them using this form.